Crisis uncovered Armenian economy's weak pointsNovember 18, 2009 - 19:20 AMT PanARMENIAN.Net - The crisis uncovered Armenian economy's weak points, specifically the low diversification level, RA Prime Minister said when addressing the parliament on Wednesday. Tigran Sargsyan also mentioned the low competition level, uneven distribution of tax burden and inefficiency of financing healthcare projects. Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news |